endogenous growth modelsGrowth theoryIt is more than two decades that economic growth and its determinants have been of great importance in both theoretical and applied aspects. All these theories have been focused to find out why growth rates across countries are different and what factors cause ...
Kaleckian Models of Growth and Distribution Revisited: Evaluating their relevance through simulation The past two decades have seen a sharp renewal of interest in the Kaleckian models of growth and distribution. These models have been put to so much use that it made us wonder if this trend wa...
The lives of people, as often is the case in economic models, is rather dreary: In each period, each person, given his wealth, his θ and the prices of the inputs, decides whether to set up a ?rm, and if so how to invest in physical and human capital. At the end of the ...
Economic development theories are the supporting structure of growth literature. In view of this, this paper attempts to review selected economic development theories with the aim of highlighting their relevance to the growing empirical debate on growth and development. From the front of classical theor...
Three separate literatures are considered for the insights they offer about international disparity: Classical political economy, the North— South trade models, and the 'new' growth and trade theories that incorporate increasing returns and/or product differentiation. Classical antecedents of the more ...
Machine learning and economic forecasting: The role of international trade networks machine learning models to enhance GDP growth forecasting.We compare the performance of machine learning models in forecasting economic growth for over 200 ... TC Silva,PVB Wilhelm,DR Amancio - 《Physica A Statistical...
Theories and models of economic growth mathematical form, as we lack possibility to carry out relevant economic experiments.The objective is to introduce the conception of the energy function as the function of state of the world economic system, together with autotrophy-ecol... D Shi 被引量: ...
I would like to thank all the participants to the AITEG meeting in Madrid and to the ETIC Final Conference in Strasbourg who gave helpful comments and suggestions on a previous draft of the paper. All the remaining errors are mine only. Technology-gap and cumulative growth: models, results ...
Chapter 2 Theories of Growth, Innovation, and Entrepreneurship One of the most important—and most difficult—areas of research in economics concerns the mechanisms that cause higher growth and increased prosperity. Economists base their work on theoretical models that are expected to capture the ...
In summary, I argue three theses. The first is that exergy is a major factor of production comparable in importance to labour and capital. The second is that the empirical work/exergy ratio f is an important measure of technical progress in the long run.